Upon dissolution of our company, you may not recoup all or any portion of your investment. • a classified board of directors with three-year staggered terms; • the ability of our board of directors to issue shares of preferred stock and to determine the price and other terms, including preferences and voting rights, of those shares without stockholder approval; • stockholder action can only be taken at a special or regular meeting and not by written consent except in limited circumstances; • advance notice ...

PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional solutions, today announced that Beth Garvey, Chair, President, and Chief Executive Officer, and John Barnett, Chief Financial Officer, will participate in the 36th Annual Roth Conference on March 18-19, 2024, in Laguna Niguel, CA. Investors interested in arranging a one-on-one meeting should contact your conference representative or the Company’s investor relations contacts below. Ab ...

BGSF, Inc. (NYSE:BGSF) Q4 2023 Earnings Conference Call March 14, 2024 9:00 AM ET Company Participants Sandra Martin - IR, Three Part Advisors Beth Garvey - Chair, President, & CEO John Barnett - CFO Conference Call Participants Jeff Martin - Roth MKM Howard Halpern - Taglich Brothers Bill Donohue - Teton Capital Brian Kinstlinger - Alliance Global Partners Michael Taglich - Taglich Brothers Operator Good morning, everyone. Welcome to the BGSF Inc. Fiscal 2023 Fourth Quarter and Full Year Financial Results ...

PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for its fiscal year and fourth fiscal quarter ended December 31, 2023. Note: Fiscal 2023 financial results are on a 52-week year ended December 31, 2023, compared to Fiscal 2022 financial results on a 53-week year ended January 1, 2023. Full Year 2023 Highlights from Continuing Operations2,3: Revenues were $313.2 million, up 4. ...

BGSF, Inc. Reports Full Year and Fourth Quarter 2023 Financial Results Record Full Year Revenues of $313.2 million, up 4.9% Generated $20.4 Million of Operating Cash Flow New Credit Facility Closed March 12, 2024 PLANO, Texas – (March 13, 2024) – BGSF, Inc. (NYSE: BGSF), a growing provider of consulting, managed services, and professional workforce solutions, today reported financial results for its fiscal year and fourth fiscal quarter ended December 31, 2023. Note: Fiscal 2023 financial results are on a 5 ...

PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services, and professional workforce solutions, announced that Beth Garvey has recently been recognized by the Staffing Industry Analysts (SIA) Staffing 100 North America list as one of North America’s most influential staffing leaders for 2024. John Barnett, Chief Financial Officer at BGSF, stated, "Beth Garvey's leadership has been pivotal in shaping BGSF's culture and impact, both within our organi ...

PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF) (“BGSF”), a growing provider of consulting, managed services, and professional workforce solutions, announced it has been named a Workday Partner. Workday (NASDAQ: WDAY) is a leading provider of enterprise cloud applications for finance and human resources. BGSF has consistently demonstrated its commitment to meeting customers' demands for Workday talent. Through a robust network of highly skilled consultants and an in-depth understanding of the Work ...

PLANO, Texas--(BUSINESS WIRE)--BGSF, Inc. (NYSE: BGSF), a leading national provider of workforce solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share of common stock. The dividend is payable on February 27, 2024, to all shareholders of record as of the close of business on February 20, 2024. This marks the 37th consecutive quarterly dividend and based on the yesterday's closing price of the Company’s common stock, the annualized yield is approxima ...

champc Introduction I'm constantly looking for undervalued microcap companies, and recently I came across BGSF (NYSE:BGSF). It’s a US consulting and staffing solutions firm which has been focusing on improving margins over the past few years, and the adjusted TTM EBITDA stands at $23.9 million. BGSF has a dividend yield of $6.3 million and the balance sheet looks strong, with net debt at $66 million on October 1. I’m putting BGSF on my watchlist and my rating on the stock is a speculative buy. Let’s rev ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2023 reached $83.5 million, reflecting a 6.3% increase from the prior-year quarter [8][23] - Adjusted EBITDA for Q3 was $7.9 million, or 9.4% of revenue, showing a slight increase from $7.5 million or 9.3% in Q2 [11][48] - Gross profit margins expanded to 35.9%, up from 35.7% in the prior-year quarter [28] Business Line Data and Key Metrics Changes - The Property Management segment grew revenues by 8.2% in Q3, building on a 34.1% growth in the same quarter last year, resulting in over 42% cumulative growth compared to 2021 [8][23] - The Professional segment's revenues increased by 5%, but organic sales declined by 20.6% compared to the prior-year quarter [27][23] - Professional segment gross margins improved to 33.2%, up 130 basis points due to acquired businesses and a shift away from low-margin IT placements [10] Market Data and Key Metrics Changes - The company is positioned well in a choppy demand environment due to economic uncertainties and high interest rates, with a diversified client base across end markets [6] - The National Apartment Association anticipates approximately 4.3 million new apartments to be built by 2035, which the company plans to leverage for growth [33] Company Strategy and Development Direction - The company aims to grow through both organic and inorganic revenues, focusing on higher value and specialized offerings in both segments [5] - Strategic investments in people, processes, and technology over the last three years have enhanced the company's stability and capabilities [6] - The company plans to continue focusing on strategic initiatives to expand its business and improve profitability [16] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the company's prospects, citing significant progress in strategic repositioning and a focus on higher value consulting and managed solutions [14][50] - The company expects the professional segment to stabilize in Q4, despite difficult comparisons, and anticipates normal seasonality in property management [16][52] Other Important Information - The company maintains a disciplined capital allocation strategy, focusing on growth investments, debt paydown, and consistent capital returns to shareholders [31] - The company is in the process of refinancing its credit facility with a group of committed banks [49] Q&A Session Summary Question: How large of a piece is that of the professional segment? - Management noted that the first two months of the quarter were slower, but activity picked up in September, leading to optimism for Q4 [40] Question: Could you give an update on the progress since acquiring Arroyo and Horn? - Management highlighted that the acquisitions have allowed for enhanced offerings and integration, which is expected to drive revenue growth [41][56] Question: What are the trends in wage rates and competition? - Management indicated that there were no significant changes in wage competition noted [46] Question: How many offices are currently open in the Property Management segment? - Management stated that they are operating in approximately 64 markets and are looking to expand further using a new sales force mapping tool [80][81] Question: What is the plan for opening new offices in the real estate division? - Management clarified that they do not have brick-and-mortar offices but focus on hiring salespeople to penetrate markets [94]